Localshares Investments, LLC (Nashville)

Name: Localshares Investments, LLC
Address: 4535 Harding Pike, Nashville, TN, 37205
Telephone: 615-202-2183

Localshares Investments, LLC is an investment adviser to an investment company based in Nashville. It manages $8.03 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Tennessee.

Localshares Investments provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Localshares Investments: assets under management

The assets under management (AUM) of Localshares Investments, LLC is $8.03 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $8.03 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.03 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Localshares Investments, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Localshares Investments serves?

The only and largest group of clients of Localshares Investments is investment companies with 1 clients and $8.03 million of assets under management. Among the 1 most similar advisory firms, Localshares Investments has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $8.03 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Localshares Investments doesn't advise any private funds.

Careers at Localshares Investments, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Localshares	Sole member	1 Oct 2012	75% - 100%	45-5342407
Luanne Morris Garvey	Chief compliance officer	1 Sep 2015	Other	1640295
Matthew Francis Hayes	President and ceo	1 Jul 2016	Other	4277795
Margaret Dolan	President and chief executive officer	1 Jul 2017	Other	6837555
Michelle A Gallagher	Chief compliance officer	1 Dec 2017	Other	4367325

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Elizabeth Seigenthaler Courtney	Elected manager	1 May 2012	Other	6198965
Michael David Shmerling	Elected manager	1 May 2012	Other	6198967
William Shannon Decker	Elected manager	1 May 2012	Other	2243114
Cameron Ashley Newton	Elected manager	1 May 2012	Other	4295275
James Cornelius Phillips	Elected manager	1 May 2012	Other	2024485
Llc Localshares Holdings	Owner	1 Sep 2017	75% - 100%	00-0000000
Llc Worth Group	Owner	1 Sep 2017	75% - 100%	47-3861649

Based in Nashville

The principal office where Localshares Investments, LLC performs its advisory services is located at 4535 Harding Pike, Nashville, TN 37205, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 615-202-2183. The normal business hours are 8:30 - 5:00 on Other. You can find more information about the New York firm at nashvilleareaetf.com.